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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,050,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Income property in Halifaxs sought-after South End. This well-maintained three-unit building offers a solid investment opportunity in one of the citys highest-demand rental areas. The current owner has made notable upgrades, including converting the heating system from oil to natural gas and updating the electrical systems. The main floor and basement units were renovated in 2016, and the roof was replaced in 2022, adding long-term value. The property also includes parking for up to three vehicles on the left side, a rare convenience in this central location. Just a short walk to universities, hospitals, grocery stores, coffee shops, the waterfront, and all downtown amenities. An opportunity to secure reliable tenancy in one of Halifaxs most desirable neighborhoods, with excellent potential for future income growth. (id:39198)
Location
Province
Nova Scotia
City
Halifax
Address
Tobin
Postal Code
B3J1A4
Location Highlights
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Listed by
Royal LePage Atlantic Nova Scotia listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
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Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$1,050,000
Asking Price
$1,050,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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